Models
DHOOT INDUSTRIAL FINANCE LTD.BSE 526971Commercial Services & Supplies
₹1,416per share · Base Model Note
Revenue growth, the horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.
Scenario
Value per share, your model₹1,416implied FY26 P/E 49.7× · EV/EBITDA 36.9×
Against CMP ₹231.95+510.6%close of 28 Oct 2026
Growth the CMP implies(14.8)%revenue, a year for 5 years, on your other inputs
Value after FY3181%share of enterprise value in the terminal
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Where the methods land · ₹ per share · the dashed line is the CMP
DCF, rate ±1 · growth ±1your model across the sensitivity grid
₹1,080₹2,089
52-week rangetraded range, a fact not a value
₹132₹322
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 164 |
| PV of terminal value | 720 |
| Enterprise value | 884 |
| less net debt | 11 |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 895 |
| ÷ 0.63 crore shares | ₹1,416 |
81% of the value sits after FY31. Usual when return on capital sits near the cost of capital; the 5 explicit years carry little of it.
Free cash flow, filed and modelled · ₹ '000 crore
Filed, cash from operations − capexModelled free cash flow to firm
Sensitivity · ₹ per share
Down Across| WACC ↓terminal growth → | 4.0% | 4.5% | 5.0% | 5.5% | 6.0% |
|---|---|---|---|---|---|
| 10.00% | 1,464 | 1,578 | 1,714 | 1,881 | 2,089 |
| 10.50% | 1,346 | 1,440 | 1,552 | 1,685 | 1,849 |
| 11.00% | 1,244 | 1,324 | 1,416 | 1,526 | 1,657 |
| 11.50% | 1,156 | 1,224 | 1,302 | 1,393 | 1,501 |
| 12.00% | 1,080 | 1,138 | 1,204 | 1,281 | 1,370 |
The outlined cell is your model. Green figures sit above the CMP of ₹231.95; n/a marks a terminal growth at or above the discount rate. Steps: WACC and terminal growth ±0.5 point, growth ±2, margin ±1.
Distribution of outcomes · 4,000 draws · growth, margin and the discount rate vary together
| 10th · 50th · 90th percentile, ₹ per share | 1,028 · 1,410 · 1,908 |
| Draws below the CMP | 0% |
| Rank correlation with revenue growth | +0.85 |
| Rank correlation with discount rate | −0.40 |
| Rank correlation with ebitda margin | +0.29 |
Each driver is drawn from a PERT distribution between the lowest and highest value across your scenarios (or ±50% growth, ±20% margin when there is one scenario), with the discount rate ±1.5 points. Seeded, so the same inputs give the same picture.
Projected cash flow to the firm · ₹ crore
History Forward| ₹ crore | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 35 | 33 | 11 | 41 | 54 | 70 | 90 | 118 | 153 |
| growth % | 16.0 | (7.7) | (65.4) | 265.5 | 30.0 | 30.0 | 30.0 | 30.0 | 30.0 |
| EBITDA | (3) | (5) | (26) | 24 | 31 | 40 | 53 | 68 | 89 |
| margin % | (9.7) | (16.7) | (227.6) | 58.2 | 58.2 | 58.2 | 58.2 | 58.2 | 58.2 |
| less depreciation | (1) | (1) | (1) | (0) | (1) | (1) | (1) | (1) | (2) |
| EBIT | (4) | (6) | (26) | 23 | 30 | 40 | 52 | 67 | 87 |
| less tax on EBIT | (5) | (6) | (8) | (10) | (13) | (17) | |||
| NOPAT | 19 | 24 | 32 | 41 | 54 | 70 | |||
| add depreciation | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 2 |
| less capex | (0) | 0 | (1) | (0) | (0) | (0) | (1) | (1) | (2) |
| less working-capital build | — | 0 | 0 | 0 | 0 | 0 | |||
| Free cash flow to firm | 9 | (56) | (16) | — | 25 | 32 | 42 | 54 | 69 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 24 | 28 | 32 | 37 | 43 |
History columns are the filed years (free cash flow there is cash from operations − capex, as filed); the base year and everything to its right come from the engine. Forward is the explicit horizon of the model itself: 3, 5 or 10 years, then flat.
The three statements, projected · ₹ crore · debt held at 0, dividends at 5.3% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 23 | 30 | 40 | 52 | 67 | 87 |
| Interest at 3.8% on debt | 0 | 0 | 0 | 0 | 0 | |
| Profit before tax | 30 | 40 | 52 | 67 | 87 | |
| Profit after tax | 18 | 24 | 32 | 41 | 54 | 70 |
| Dividends | (1) | (1) | (2) | (2) | (3) | (4) |
| Balance sheet, year end | ||||||
| Cash | 11 | 35 | 65 | 105 | 156 | 221 |
| Working capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Net block and other assets | 437 | 436 | 435 | 435 | 435 | 435 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 436 | 459 | 489 | 528 | 579 | 645 |
| Balance check | 0 | 0 | (0) | (0) | (0) | (0) |
| Cash flow | ||||||
| From operations | 25 | 33 | 42 | 55 | 72 | |
| Investing (capex) | (0) | (0) | (1) | (1) | (2) | |
| Financing (dividends) | (1) | (2) | (2) | (3) | (4) | |
| Net change in cash | 24 | 31 | 39 | 51 | 66 | |
| Free cash flow to equity | 25 | 32 | 42 | 54 | 69 | |
Other liabilities are held at their FY26 level, so the check tests only what the model moves: cash, working capital, net block and other assets, debt and equity. A non-zero check would mean the three statements no longer tie.
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | DCF | 30% | 58.2% | 11.00% | 5% | ₹1,416 | 510.6% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.